Building Details

Tenancy Multi

Listing Agency: Hoff & Leigh Denver

Listed By: Jayme Wilson · License #FA 100088653 Show Phone

Source: Crexi

Added: Apr 30 Changed: Sep 26 Last Checked: Oct 5 at 5:03PM

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Investment Insights

Based on property information with market context.

Mixed-use opportunity at 877 Federal Boulevard in Denver, offered for sale and lease. The property is anchored by a long-term, well-established Comfort Dental franchise tenant, creating in-place income while leaving room for an owner-user to occupy part of the building. Total building size is 7,900 SF.

Additional space is available for leasing and is described as well-suited for retail, office, or service-oriented uses. The property is positioned to support multiple on-site uses within the mixed-use framework.

For more information or to schedule a private tour, please contact Jayme Wilson or Brandon Langiewicz.

Key Highlights

• Mixed‑use building at 877 Federal Blvd with a long‑term Comfort Dental franchise tenant
• In‑place rental income from the established Comfort Dental tenant
• Space available for retail, office, or service‑oriented use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$115,751

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,315,020 $2.3M

Cap Rate 7%

$1,653,586 $1.7M

Cap Rate 9%

$1,286,122 $1.3M

Market Conditions

NOI Build-Up for 7,900 SF

Gross rent

$208.6K $26.40/SF

− Vacancy

−$54.2K −$6.86/SF

EGI

$154.3K $19.54/SF

− OpEx

−$38.6K −$4.88/SF

NOI

$115.8K $14.65/SF

Area

Denver, CO

Vacancy

26.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,315,020

Cap Rate 7%

$1,653,586

Cap Rate 9%

$1,286,122

Alternative Uses

Best Use

Office B

$1.65M

$1.45M – $1.93M (±1% cap)

NOI $115,751 @ 7.0% cap · market cap 5.80%

Second Best

Mixed Use

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,272 @ 7.0% cap · market cap 5.58%

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $176,040 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Hair Salon Law Firm Nail Salon Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,206

Businesses Nearby

Explore this area Business Placement

Demographics for 80204, CO

35,269

Population

18,378

Households

1.9

Avg Household Size

33

Median Age

51%

College-Educated

89%

High-School Grad

5.5 sq mi

ZIP Area

6,413

Density / Sq Mi

$79,265

Median Household Income

$58,860

Median Earnings

$1,724

Median Rent

$579,900

Median Home Value

Market

Vacancy Rate% for Office in Denver, CO

14.5% 2019

17.4% 2020

19.3% 2021

21.8% 2022

23% 2023

25% 2024

26.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use building featuring a long-term Comfort Dental tenant and space available for retail, office, or service use.

Where is this mixed-use property located?

The property is located at 877-881 Federal Blvd Denver, CO.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Mixed‑use building at 877 Federal Blvd with a long‑term Comfort Dental franchise tenant; In‑place rental income from the established Comfort Dental tenant; Space available for retail, office, or service‑oriented use